Deputy governor of the Bank of England Paul Tucker hit back at former Barclays chief executive, Bob Diamond over the LIBOR scandal yesterday.
The Daily Telegraph reports he told MPs the former Barclays chief executive's evidence over the LIBOR rigging scandal was wrong and inaccurate.
Tucker said Diamond's account of the call that led one of Barclays's most senior managers to order the bank to lower its LIBOR submissions was "not completely" accurate.
The report said that during questioning from the Treasury Select Committee Tucker said he would not "defened Diamond's record". He also said his a memo submitted to MPs gave the "wrong impression".
The Telegraph said Tucker told MPs he had never suggested to Diamond that Barclays’ LIBOR submissions were too high.
He said he had actually been referring to concerns about the bank's money markets desk, which is responsible for the short-term funding of the lender.
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